The recent bullish run experienced in the alternative coin market is really impressive amidst the current crypto climate. From a YouTube session which was held today by the host of Invest Answers gave a statistics of alternative coins which was currently outperforming the primary digital asset bitcoin. Which he said about 95% of these market is currently doing so, He believes that this would be attributed to the rise of bitcoin in he’s words he said;
“When 75% of the top 50 coins perform better than Bitcoin over the last 90 days, it becomes altcoin season and we are way above 75%, so that is pretty staggering.
Pretty impressive, but whatever goes up comes down, so expect Bitcoin Dominance to be on the rise again soon. We’re already seeing that happen right now as we speak… so expect everything to be choppy as we go forward.”
He was about to do this with the dominance chart which was able to track the percentage of bitcoin market capitalization. The analyst also spoke about oil, and the projected six figures all time high for bitcoin.
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